Enovix (ENVX) CAO granted common stock as PRSU awards vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enovix Corp Chief Accounting Officer Kristina Truong reported acquiring common stock through the vesting of performance restricted stock units (PRSUs) after performance criteria were achieved on February 18, 2026. Awards covering 24,116 PRSUs and 11,162 PRSUs vested at a price of $0.00 per share.
The 24,116 vested PRSUs will be released in two equal installments on April 1, 2027 and April 1, 2028, and the 11,162 vested PRSUs will be released in two equal installments on April 8, 2027 and April 8, 2028. Each PRSU represents a contingent right to receive one share of Enovix common stock upon settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Truong Kristina
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,116 | $0.00 | -- |
| Grant/Award | Common Stock | 11,162 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 214,405 shares (Direct)
Footnotes (1)
- Represents the vesting of 24,116 performance restricted stock units ("PRSUs") upon the achievement of certain performance criteria on February 18, 2026, of which 50% will be released on April 1, 2027 and the remaining 50% will be released on April 1, 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. Includes 137,235 shares issuable upon the vesting and settlement of restricted stock units ("RSUs") granted to the Reporting Person, as well as the above referenced vested PRSUs and 2,489 vested PRSUs which will be released on March 2, 2027. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. Represents the vesting of 11,162 performance restricted stock units ("PRSUs") upon the achievement of certain performance criteria on February 18, 2026, of which 50% will be released on April 8, 2027 and the remaining 50% will be released on April 8, 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
FAQ
What insider transaction did Enovix (ENVX) report for Kristina Truong?
Enovix reported that Chief Accounting Officer Kristina Truong acquired common stock through the vesting of performance restricted stock units. Two PRSU awards vested on February 18, 2026, reflecting equity-based compensation tied to achieving specified performance criteria rather than an open-market stock purchase.
When will the vested Enovix (ENVX) PRSUs reported by Kristina Truong be released?
The 24,116 vested PRSUs will be released in two equal parts on April 1, 2027 and April 1, 2028. The 11,162 vested PRSUs will be released in two equal parts on April 8, 2027 and April 8, 2028, subject to the award terms.
What does each Enovix (ENVX) PRSU reported in this filing represent?
Each performance restricted stock unit reported represents a contingent right to receive one share of Enovix common stock upon settlement. The units vest only after specified performance criteria are achieved, then are released to the executive on future scheduled dates as outlined in the award terms.